News

Small concession in tax changes

Tuesday 11th of April 2006
As recently as two weeks ago officials and minsters appeared to be firmly sticking to the comparative value method of taxing offshore capital gains at 100% of the gain.

In last year’s discussion document on the issue officials stated there was no logical reason for taxing the capital gain at anything other than 100% of that gain.

The managed funds industry replied that this meant there w...

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